Vertagio is a new site that has just launched it's beta version this week.
With Vertagio you can create a personal profile space and customize it with MySpace and other CSS compatible layouts, much like Zooped. Otherwise, all the basic social networking functions are included in Vertagio. You can add videos and widgets to your About Me section, and they've taken cue from Friendster by making every word in this section a link, for the purpose of finding more users that have used the same tag word. They also offer the option of saving users' profiles as a bookmark, for easy access at a later time.
While you can customize your profile page, it doesn't look like you can customize your blog page, though they smartly give some good search options for perusing an individual blog. Hopefully users won't be too slowed down by the fact that their verification email takes some time to be sent, and passive interaction with the site is rather limited. I don't see any ads on the site, so we'll have to wait and see what their business model is, and how they plan on differentiating themselves from MySpace, as they've told us that they plan on offering new technological advances that have never before been seen within social networks.